💰 Solo Bitcoin miner earns $200,000 reward amid growing centralization concerns

A solo Bitcoin miner has independently solved a BTC block to earn a reward of 3.275 BTC, roughly equivalent to $200,000. On Aug. 29, Con Kolivas, a software engineer and administrator of the solo mining pool ckpool, announced on X that the miner had successfully solved the 291st solo block in Bitcoin’s history.

Source

https://t.me/Bitcoin_NewsTg

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💰 Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase

Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services.

Source

https://t.me/Bitcoin_NewsTg

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💰 Bitcoin's Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump

Bitcoin’s difficulty ticked up 2.99% on Wednesday, reaching 89.47 trillion, where it will stay until Sept. 10, 2024. The network’s difficulty metric essentially functions like a self-adjusting thermostat for the Bitcoin network, maintaining a consistent pace of block creation regardless of fluctuations in mining power. Simply put, if hashpower increases and blocks are mined too quickly, the difficulty rises.

Source

https://t.me/Bitcoin_NewsTg

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🥇 Acre’s yield-bearing stBTC token is now live on Bitcoin scaling network Mezo

Mezo, the yield-bearing Bitcoin Layer 2 being developed by venture studio Thesis, is launching a liquid-staked bitcoin token in what could be a first for the network. Users mint stBTC by depositing either BitGo's wrapped bitcoin (WBTC) or the bitcoin-backed Ethereum token tBTC on Mezo, paying a fee and locking their tokens. These stBTC tokens can then be ported over to the tBTC/stBTC pool on DeFi platform Curve to receive Curve LP tokens.

Source

https://t.me/Bitcoin_NewsTg

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Top Stories, 16 August 2024

1. Asia-Pacific markets track Wall Street rally; South Korea and Singapore trade data on deck
https://www.kgieworld.sg/research/3qsv

2. Explore GIFT Connect, which brings together international and onshore GIFT participants to create a bigger liquidity pool for Nifty products on NSE IFSC (“Nifty Contracts”).
Find out more about GIFT Connect:
https://www.kgieworld.sg/research/NSE_IFSC-SGX_Connect

3. US business inventories rise marginally in June
https://www.kgieworld.sg/research/gh6z

4. China's central bank to plan additional policies to support growth
https://www.kgieworld.sg/research/62jk

5. Iron ore price hits over 14-month low on weak China property data
https://www.kgieworld.sg/research/9fzf

6. Gold Price Forecast: XAU/USD holds steady above $2,450 on positive Retail Sales data
https://www.kgieworld.sg/research/lsto
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Technical Analysis: 16 August 2024

🇸🇬 SG
Comfort Delgro Corp Ltd (CD SP)
Singapore Telecommunications Ltd (ST SP)

🇭🇰 HK
Industrial & Commercial Bank of China Ltd (1398 HK)
Postal Savings Bank of China Co Ltd (1658 HK)

Read More: https://www.kgieworld.sg/research/aug16ta24

@kgisg

213

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Technical Analysis: 15 August 2024

🇺🇸 United States
Shopify, Inc. (SHOP US)
Fortinet, Inc. (FTNT US)

Read More: https://www.kgieworld.sg/research/aug15ta24

kgisg

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Wealth Product Ideas 🌱
15 August 2024

🏢 iShares U.S. Treasury Bond ETF (GOVT US)
🌐 iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD US)

Read More: https://www.kgieworld.sg/research/aug15wpi24

@kgisg

265

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Technical Analysis: 15 August 2024

🇸🇬 SG
SATS Ltd (SATS SP)
Starhub Ltd (STH SP)

🇭🇰 HK
Bank of Communications Co Ltd (3328 HK)
Standard Chartered PLC (2888 HK)

Read More: https://www.kgieworld.sg/research/aug15ta24

@kgisg

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